facebook
Traded Co logo
Submit
Daily limit: 0/10

Mary And Herbert Boeckmann Purchase 2156 Stratford Circle From Neil And Margot Shekhter For $15M

Property Image
SOLD
$15,000,000

California

See Similar Deals
Single Family15,578 SF
Sold 09/05/2024
the dealplayerscompscontact
Property Image
SOLD

Mary And Herbert Boeckmann Purchase 2156 Stratford Circle From Neil And Margot Shekhter For $15M

2156 Stratford Circle

See Similar Deals
Single Family15,578 SF
Sold 09/05/2024
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$962
Total Square Footage:15,578 SF
Transaction Type:Sale

A single-family estate located at 2156 Stratford Circle in Los Angeles has been sold. The property encompasses 0.78 acres and boasts a total area of 15,578 square feet. The sale was finalized for $15,000,000, with a price per square foot of $963.

Summary of transaction details:

The transaction involved prominent real estate representatives, including Brett Kester of Sotheby’s International Realty representing the buyers, and Joshua and Matthew Altman of Douglas Elliman representing the sellers. The estate was initially listed for nearly $27 million, and this sale follows Neil and Margot Shekhter's prior legal issues concerning plumbing matters and Neil Shekhter's declining apartment portfolio.

Players

Matthew (Matt) Altman
34 deals$512.6M volume(323) 791-9398
BROKER

Joshua (Josh) Altman
Douglas Elliman
42 deals$577M volume
BROKER

Brett Kester
Sotheby's International Realty
1 deal$15M volume(213) 706-0694
BROKER

Details

SOLD
IMAGE: Neil Shekhter, Brett Kester, Joshua Altman & Matthew Altman DATE: 09/05/2024 ADDRESS: 2156 Stratford Circle MARKET: Los Angeles ASSET TYPE: Single Family ~ ACRES: 0.78 BUYER: Mary Boeckmann & Herbert Boeckmann III SELLER: Margot Shekhter & Neil Shekhter BUYER'S REP: Brett Kester - Sotheby's International Realty (@SothebysRealty) SELLER'S REP: Joshua Altman (@TheJoshAltman) & Matthew Altman (@TheMattAltman) - Douglas Elliman (@DouglasElliman) SALE PRICE: $15,000,000 SF: 15,578 ~ PPSF: $963 NOTE: Neil and Margot Shekhter sold their Bel Air Crest mansion for $15 million to Herbert and Mary Boeckmann, with Josh and Matt Altman of Douglas Elliman representing the seller and Brett Kester of Sotheby’s representing the buyer. The 15,578-square-foot estate initially listed for nearly $27 million, and the sale follows the Shekhters' previous legal battles over plumbing issues and Neil Shekhter's shrinking apartment portfolio.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$799,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83